Nam Cheong - DBS Research 2025-07-23: Undervalued OSV Gem

• Nam Cheong (SGX:1MZ), a leading OSV player with the youngest fleet in Malaysia, operates a fleet of 38 mid-sized offshore support vessels (OSVs) with an average age of just over eight years. This represents a strong competitive advantage, as peer fleets average 13-15 years of age.
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• Nam Cheong is also diversifying its geographic presence and product offerings to tap into the buoyant Middle Eastern and Japanese markets, as well as growing demand for green offshore solutions.

Youngest fleet in Malaysia

A leading OSV player with the youngest fleet in Malaysia, and seemingly globally.

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• Younger vessels are generally preferred due to enhanced safety and lower operating costs. Nam Cheong’s fleet comprises
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Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-11-17 Nam Cheong - Undervalued Gem, Ready To Set Sail.

Price targets by other brokers at Nam Cheong Target Prices.

Listing of research reports at Nam Cheong Analyst Reports.

Relevant links:
Nam Cheong Share Price History,
Nam Cheong Announcements,
Nam Cheong Dividend Payout Dates & Corporate Actions,
Nam Cheong News